{"id":63170,"date":"2026-03-14T17:21:49","date_gmt":"2026-03-14T21:21:49","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=63170"},"modified":"2026-03-14T17:21:49","modified_gmt":"2026-03-14T21:21:49","slug":"the-impact-of-tariffs","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=63170","title":{"rendered":"The Impact Of Tariffs"},"content":{"rendered":"

On Thursday, Yahoo Finance<\/a> posted an article about the trade deficit.<\/p>\n

The article reports:<\/p>\n

The U.S. trade deficit narrowed sharply in January as exports surged to a record high and imports fell, a trend that if sustained, could see trade contributing to economic growth \u200cin the first quarter.<\/strong><\/p>\n

The trade gap contracted 25.3% to $54.5 billion, the Commerce Department’s Bureau of Economic Analysis and \u200cCensus Bureau said on Thursday. Data for December was revised to show the deficit widening to $72.9 billion instead of $70.3 billion as previously estimated. Economists polled \u200bby Reuters forecast the trade deficit shrinking to $66.6 billion in January.<\/strong><\/p>\n

…Exports jumped 5.5% to an all-time high of $302.1 billion in January. The increase was the largest since October \u200b2021. Goods \u200bexports soared 8.1% to $195.5 billion. They were boosted by a $9.4 billion \u200bincrease in exports of industrial supplies and materials, \u200cmostly nonmonetary gold and other precious metals.<\/strong><\/p>\n

Capital goods exports increased $5.4 billion to a record high, boosted by computers, civilian aircraft as well as computer accessories. Exports of other goods rose $2.9 billion, also to an all-time high. But consumer goods exports decreased $2.8 billion to the lowest level since October 2022, pulled down by a $2.1 billion decline in pharmaceutical preparations.<\/strong><\/p>\n

Imports fell 0.7% to $356.6 billion in January. Goods imports slipped 1.0% to $277.3 billion. They were dragged down by a $3.3 billion decrease in consumer goods, mostly \u200cpharmaceutical preparations. Imports of automotive vehicles, parts and engines fell $2.8 billion \u200bamid decreases in trucks, buses and special-purpose vehicles, as well as passenger \u200bcars.<\/strong><\/p>\n

The article concludes:<\/p>\n

The \u200bgoods trade deficit narrowed 17.6% to $81.8 billion in January. Exports of services increased $1.2 billion to a record high $106.7 billion, reflecting rises in other business services, financial services and charges for the use of intellectual property. Exports of \u200btravel services fell $0.3 billion, likely reflecting \u200ca reduction in tourism.<\/strong><\/p>\n

Imports of services increased $0.2 billion to an all-time high of $79.3 billion amid gains in other \u200bbusiness services and insurance services.<\/strong><\/p>\n

Trade made a negligible contribution to the economy’s 1.4% annualized growth pace in \u200bthe October-December quarter.<\/strong><\/p>\n

Tariffs work. Until 1913, our government was totally funded by tariffs. Admittedly, the current government is doing a lot of things that are not in the Constitution, but wouldn’t it be wonderful to go back to a system where all Americans got to keep what they earned?<\/p>\n","protected":false},"excerpt":{"rendered":"

On Thursday, Yahoo Finance posted an article about the trade deficit. The article reports: The U.S. trade deficit narrowed sharply in January as exports surged to a record high and imports fell, a trend that if sustained, could see trade … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[19226,11742,15255,6036],"class_list":["post-63170","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-bureau-of-economic-analysis-and-census-bureau","tag-tariffs","tag-u-s-trade-deficit","tag-yahoo-finance"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/63170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63170"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/63170\/revisions"}],"predecessor-version":[{"id":63171,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/63170\/revisions\/63171"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}